The Hindenburg-Adani saga has taken a dramatic turn, with India’s market regulator, SEBI, issuing a 46-pages notice to Hindenburg Research. This notice is part of SEBI’s investigation into trading activities related to Adani Enterprises. The development follows Hindenburg’s critical report on the Adani Group, which was released in January of last year and has since had significant repercussions.
SEBI’s notice revealed two new players: Kingdon Capital Management LLC, a New York hedge fund, and an offshore fund structure operated by Kotak Mahindra Bank. The notice alleges that Hindenburg had exclusively shared its Adani research with Kingdon Capital before publication, with the two firms having a profit-sharing arrangement. Kingdon reportedly used Kotak Mahindra Bank for its trading.
The entire saga gained more attention after senior lawyer and Rajya Sabha member Mahesh Jethmalani, on Friday claimed that Mark Kingdon, the American businessman behind Kingdon Capital Management LLC, commissioned the Hindenburg report. Jethmalani said that Kingdon approached Kotak Mahindra Investments Limited (KMIL) to establish an offshore fund and accounts for trading Adani shares, resulting in the creation of the Kotak India Opportunity Fund (KIOF).
Diese Geschichte stammt aus der July 07, 2024-Ausgabe von The Sunday Guardian.
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Diese Geschichte stammt aus der July 07, 2024-Ausgabe von The Sunday Guardian.
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A time for purification
The Maha Kumba Mela is probably the world's greatest event.
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An archaic foundation of the Kumbh Mela
In essence, the templating for the Tanunaptra comprises a particular event wherein the Gods came together to convocate and to share, Each drawing from T 'most valued' 'strengths' or 'capacities' to make Their 'best contribution', with all of these being 'pooled together' ('Mela', we might suggest) to produce a sing potency far grander than could be conceived of through unlinked individual expressings.
Cosmography of the Kumbh Mela
The word 'kumbh', vase or recipient that holds the nectar of immortality, has survived in other Indo-European languages such as French, where a 'combe' is a high valley in which flows a river.
